$915,000
SOLD JUN 27, 2023

140 S Gramercy Place Unit 1 Los Angeles, CA 90004

Koreatown Neighborhood
2 Beds
2.5 Baths
1,240 Sq Ft
$675/mo HOA Fee

Recently Sold

$738 Per Sq Ft

4% Above List Price

6 Days on Market

Highlights

  • Gated Parking
  • Panoramic View
  • Modern Architecture
  • Charles H. Kim Elementary School Rated A-
  • Bamboo Flooring
  • Tandem Parking

About This Home

As of June 2023

Stunning modern townhome with 360-degree views from private rooftop terrace. Recently remodeled and located in historic Hancock Park, sits the award-winning architecture by the renowned AIA Assembledge+, Gramercy Row. Being the front-end unit with a separate entrance creates the feeling of a private residence. The townhome is drenched in natural light and features a ground level open living room with smart drapes, smoked glass stair partition, smart underhand rail LED lighting, dining area, kitchen, powder room, high ceilings, walls of glass and polished concrete flooring. The kitchen boasts Caesarstone countertops & backsplash, LED lighting, newer stainless steel Samsung fridge and new appliances. All three bathrooms feature Fieldstone by Cambria Quartz countertops and LED lighting. The second level offers bamboo floors, a convertible bedroom/den/office, smart blinds, full bathroom, in-unit stacked LG SmartQ washer & dryer and plenty of storage. The upper level is a light-filled primary suite with bamboo floors, smart blinds, a gorgeous bathroom with skylight and an oversize custom closet. The primary bathroom features a smoked glass partition, marble shower wall with LED lights, two sinks with lighted and mirrored medicine cabinet, under-cabinet lighting to accentuate the floating cabinet and a frosted wall. A spiral staircase leads you to the private rooftop terrace for enjoying panoramic 360-degree views from Downtown to Hollywood Sign and Griffith Park Observatory. Other features include a Nest Smart thermostat, Nest smoke detectors on each floor, Smart Hue lights throughout / multi-colored on the first floor, and some frosted external glass windows throughout for extra privacy. Gramercy Row offers sustainable modern living in a quiet residential neighborhood with historic charm. This well-kept newer construction building has two parking spaces, guest parking, and an elevator to the ground floor. Excellent location close to shopping and dining in Larchmont Village. Freeway close and only minutes to Downtown Los Angeles and Hollywood.

Last Agent to Sell the Property

Michael Thomson

eXp Realty of California Inc License #01397645 Listed on: 05/26/2023

eXp Realty of California Inc

Last Buyer's Agent

Susie Lee

Real Broker License #02090226

Real Broker

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $11,256

Year Built

  • Built in 2009

HOA Fees

  • $675 Monthly HOA Fees

Property Views

  • Panoramic
  • City Lights
  • Mountain
  • Hills

Home Design

  • Modern Architecture
  • Entry on the 1st floor

Interior Spaces

  • 1,240 Sq Ft Home
  • 3-Story Property
  • Living Room
  • Dining Area
  • Prewired Security
  • Basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Bamboo
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Tandem Parking
  • Gated Parking
  • Guest Parking

Additional Features

  • 7,052 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5516-022-055

Community Details

Overview

  • 7 Units
  • Maintained Community

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$11,256

Year Built

Built in 2009

Lot Details

0

HOA Fees

$675 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Style: Modern
  • Street Number Display: Yes
  • Complex Name: Gramercy Row
  • Entry Floor: 1
  • Living Area: 1240
  • Lot Acreage: 0.1619
  • Planned Urban Dev: 0
  • Stories: 3
  • Unit Floor In Building: 1
  • Year Built: 2009
  • Number Of Photos: 48
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Bamboo, Cement, Tile
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit, On Upper Level, Laundry Closet Stacked, Inside
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dishwasher, Refrigerator, Range/Oven, Washer, Dryer, Microwave
  • Price Per S Q F T: 708.87

Exterior Features

  • Pool: No
  • Spa Yn: No
  • View: City, City Lights, Mountains, Hills, Panoramic
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Gated Underground, Tandem, Parking for Guests
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Earth Quake Ins: 0
  • Heating: Central
  • Security: Smoke Detector, Carbon Monoxide Detector(s), Prewired for alarm system

Association/Amenities

  • Amenities: Assoc Maintains Landscape, Assoc Pet Rules
  • Pet Rules: Assoc Pet Rules, Call, Pets Permitted, Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 675.00
  • HOA: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 5516-022-055
  • Lot Size Area: 7052

Multi Family

  • Number Of Units: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2023
Closed on
Jun 6, 2023
Sold by
Devin Michaels Martinez Trust
Bought by
Chan Isaac and Kraiss Karla
Seller's Agent
Michael Thomson
eXp Realty of California Inc
Buyer's Agent
Susie Lee
Real Broker
List Price
$879,000
Sold Price
$915,000
Premium/Discount to List
$36,000
4.1%
Views
72

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.20%
Original Mortgage
$665,000
Outstanding Balance
$648,504
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$242,087

Purchase Details

Closed on
Jun 17, 2019
Sold by
Martinez Devin Michaels
Bought by
Martinez Devin Michaels and Devin Michaels Martinez Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$606,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 24, 2018
Closed on
Oct 25, 2018
Sold by
Martinez Devin M
Bought by
Martinez Devin Michaels and Devin Michaels Martinez Trust
Seller's Agent
Michael Lee Hogan
Compass
Buyer's Agent
Michael Thomson
eXp Realty of California Inc
List Price
$749,999
Sold Price
$760,000
Premium/Discount to List
$10,001
1.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.33%
Original Mortgage
$608,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 24, 2018
Closed on
Oct 4, 2018
Sold by
Magrann Wells Richard and Magrann Wells Ellen
Bought by
Martinez Devin M
Seller's Agent
Michael Lee Hogan
Compass
Buyer's Agent
Michael Thomson
eXp Realty of California Inc
List Price
$749,999
Sold Price
$760,000
Premium/Discount to List
$10,001
1.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 14, 2015
Closed on
May 29, 2015
Sold by
Chung Ruddy U and Chung Maria
Bought by
Magrann Wells Richard and Magrann Wells Eileen
Seller's Agent
Jacqueline Tager
Sotheby's International Realty
Buyer's Agent
Brett Oppenheim
Oppenheim Real Estate
List Price
$649,000
Sold Price
$675,000
Premium/Discount to List
$26,000
4.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.59%
Original Mortgage
$506,250
Interest Rate
3.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2010
Sold by
Gramercy 7 Lofts Llc
Bought by
Chung Ruddy U and Chung Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
4.51%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $915,000 Wfg National Title
Interfamily Deed Transfer -- Stewart Title Of Ca Inc
Interfamily Deed Transfer -- Stewart Title
Interfamily Deed Transfer -- Accommodation
Warranty Deed $760,000 Lawyers Title
Grant Deed $675,000 Equity Title Company
Grant Deed $505,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $665,000 New Conventional
Previous Owner $606,000 New Conventional
Previous Owner $606,000 New Conventional
Previous Owner $606,000 New Conventional
Previous Owner $608,000 New Conventional
Previous Owner $506,250 New Conventional
Previous Owner $388,000 New Conventional
Previous Owner $404,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2025 09/04/25 For Rent $4,200 0.0% --
07/24/2025 07/24/25 For Sale $899,000 -1.7% $725 / Sq Ft
06/27/2023 06/27/23 Sold $915,000 +4.1% $738 / Sq Ft
06/01/2023 06/01/23 Pending -- -- --
05/26/2023 05/26/23 For Sale $879,000 +15.7% $709 / Sq Ft
11/01/2018 11/01/18 Sold $760,000 +1.3% $613 / Sq Ft
10/03/2018 10/03/18 Pending -- -- --
09/24/2018 09/24/18 For Sale $749,999 +11.1% $605 / Sq Ft
06/23/2015 06/23/15 Sold $675,000 +4.0% $544 / Sq Ft
05/21/2015 05/21/15 Pending -- -- --
05/14/2015 05/14/15 For Sale $649,000 -- $523 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,256 $951,965 $599,582 $352,383
2024 $11,256 $933,300 $587,826 $345,474
2023 $9,836 $814,870 $530,845 $284,025
2022 $9,376 $798,893 $520,437 $278,456
2021 $9,257 $783,230 $510,233 $272,997
2019 $8,975 $760,000 $495,100 $264,900
2018 $8,640 $712,977 $447,328 $265,649
2016 $8,263 $685,293 $429,958 $255,335
2015 $6,429 $538,330 $271,830 $266,500
2014 -- $527,786 $266,506 $261,280
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-272573

The MLS

APN: 5516-022-055